According to CoinMeta, Berkshire Hathaway announced on Saturday that its third-quarter operating profit declined due to a decline in insurance underwriting performance, and stated that it repurchased $9.6 billion in shares during that quarter. This repurchase is in addition to the $4.8 billion in shares that Berkshire repurchased earlier this year. The quarterly operating profit fell by 6% to $12.71 billion, compared to $13.49 billion in the same period last year, which is equivalent to approximately $8,954 per Class A share. Net profit decreased by 28% to $22.11 billion, including unrealized gains and losses on shares currently held by Berkshire, which is headquartered in Omaha, Nebraska.